Chris Koopmans - Apr 15, 2024 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP, Chief Operations Officer
Signature
/s/ Chris Koopmans, by Blair Walters as Attorney-in-Fact
Stock symbol
MRVL
Transactions as of
Apr 15, 2024
Transactions value $
-$1,398,004
Form type
4
Date filed
4/16/2024, 06:50 PM
Previous filing
Mar 18, 2024
Next filing
May 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Sale -$356K -5K -4.38% $71.25 109K Apr 15, 2024 By Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +1.38K +1.27% $0.00 111K Apr 15, 2024 By Trust F2
transaction MRVL Common Stock Tax liability -$46.6K -687 -0.62% $67.88 110K Apr 15, 2024 By Trust F2, F3
transaction MRVL Common Stock Options Exercise $0 +2.19K +1.99% $0.00 112K Apr 15, 2024 By Trust F2
transaction MRVL Common Stock Tax liability -$73.6K -1.09K -0.97% $67.88 111K Apr 15, 2024 By Trust F2, F3
transaction MRVL Common Stock Options Exercise $0 +1.37K +1.23% $0.00 112K Apr 15, 2024 By Trust F2
transaction MRVL Common Stock Tax liability -$46K -678 -0.6% $67.88 112K Apr 15, 2024 By Trust F2, F3
transaction MRVL Common Stock Options Exercise $0 +4.5K +4.03% $0.00 116K Apr 15, 2024 By Trust F2
transaction MRVL Common Stock Tax liability -$151K -2.23K -1.92% $67.88 114K Apr 15, 2024 By Trust F2, F3
transaction MRVL Common Stock Options Exercise $0 +21.5K +18.89% $0.00 135K Apr 15, 2024 By Trust F2
transaction MRVL Common Stock Tax liability -$724K -10.7K -7.88% $67.88 125K Apr 15, 2024 By Trust F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MRVL Restricted Stock Units Options Exercise $0 -1.38K -100% $0.00* 0 Apr 15, 2024 Common Stock 1.38K Direct F4, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -2.19K -20% $0.00 8.75K Apr 15, 2024 Common Stock 2.19K Direct F4, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -1.37K -20% $0.00 5.47K Apr 15, 2024 Common Stock 1.37K Direct F4, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -4.5K -11.11% $0.00 36K Apr 15, 2024 Common Stock 4.5K Direct F4, F7
transaction MRVL Restricted Stock Units Options Exercise $0 -21.5K -100% $0.00* 0 Apr 15, 2024 Common Stock 21.5K Direct F4, F8
transaction MRVL Restricted Stock Units Award $0 +33.5K $0.00 33.5K Apr 15, 2024 Common Stock 33.5K Direct F4, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Sales were made pursuant to a 10b5-1 Plan adopted by the Reporting Person on 07/14/2023.
F2 Shares held by the Christopher R. Koopmans and Heather J. Koopmans Family Trust.
F3 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F4 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F5 This award fully vested on April 15, 2024.
F6 The remaining RSUs will vest on 07/15/2024, 10/15/2024, 01/15/2025 and 04/15/2025.
F7 The remaining RSUs will vest on 07/15/2024, 10/15/2024, 01/15/2025, 04/15/2025, 07/15/2025, 10/15/2025, 01/15/2026 and 04/15/2026.
F8 The grant is fully vested. Reflects the number of shares earned in respect of performance based restricted stock units granted on 04/15/2021. The achievement levels of the relative TSR performance metrics applicable to the award and the number of shares earned based on such results that were certified on 04/15/2024.
F9 The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.